That the E30 M3 has been on a stratospheric price rise is old news. So are the stories of “I could have bought one for $400 20 years ago”. You know what? I could have bought a really nice piece of land near the coast in Rhode Island for 10% its current value 30 years ago, but I didn’t. Old, too, are the stories of what floor some ex-M3 owners got off at; for unlucky examples, it was $10,000 a decade ago, but smarter sellers have cashed in on E30 mania in the past year. Thanks to some big number sales late in 2015, the E30 M3 market is stronger than ever which raises the question of how high it will go. At what point will people say “You know what? This is a 4-cylinder near-luxury economy car that I’m paying $100,000 plus for”? It would seem that every time someone raises the flag of THE END IS NEAR another shockingly priced example clears what appeared previously to be an insurmountable hurdle and Mr. Toad’s wild ride continues. While there’s been a slight cooling in the acceleration curve, it’s still pointed directly towards the Moon today. Hagerty’s Condition 1 price valuation for a 1990 M3 is now $115,000, and the average value of those insured is $55,800. But the market has realized that many of the examples coming to market weren’t condition 1, or frankly even condition 2. Lesser than top-tier example’s value has gone almost completely flat, and now it’s the really exceptional models that are rising to the top rather than the entire crop. So let’s take a look at two of the best out there today and muse over whether this trend will continue to new heights:
Tag: DTM
While Touring Car fans are widespread (after all, we can interpret NASCAR as a form of Touring Cars, right? crickets chirp in the distance), it seems that every fan has their favorite era. For some, it’s the wild wings and gold BBS wheels from the 1970s that defined production-based racers. For others, the winged warriors from the 1980s and early 1990s are the best era; after all, we get the M3 and 190E 2.5-16 Evolution from those generations. I have to admit that my personal favorite touring car has to be the V8 quattro that was won the Deutsche Tourenwagen Meisterschaft in 1990 and 1991 is my favorite because Audi just did things differently. They took their largest car, kept some luxury details like the wood trim, and stomped on both BMW and Mercedes-Benz with their lightened luxury liner. But although there was some stellar racing from some superstars of the 1980s in the DTM around then, it’s not personally my favorite period. For that, I’d have to move up towards the mid-1990s, when even more companies like Nissan, Opel and Renault joined Audi and BMW at the front of race series like the British Touring Car Championship. I watched in awe as pilots like championship-winning Frank Biela rubbed doorhandles with the Alain Menu, Matt Neil and John Cleland. And who could forget Rickard Rydell, the Super Swede piloting the 850 wagon replete with inflatable dog in the back? It gave the series more character; you genuinely weren’t sure who would win any day the flag fell, and that made for some great watching. Today, two stars from that period are for sale and allow us the rare opportunity to get into a touring car – if you have the means:
CLICK FOR DETAILS: 1995 Audi A4 Super Touring on Racecarsdirect
Comments closedLet’s get the elephant in the room out of the way: this 1990 Mercedes-Benz 190E’s asking price is $700,000. No, I’m not joking. For that amount, you could purchase many things; planes, sailboats, vacation homes – all on top of your normal home. You could send many disadvantaged youth through secondary education, or you could feed most of Darfur through the rest of the year. But you’re not into those things, you’re into cars – so what makes this Batmobile-inspired W201 so special? Like the M3 and V8 quattro, it was a DTM star, and like all of the Evolution models they were not imported to the United States. That makes them covetous for marque fans, cars that adorned true racing fan’s walls and imaginations in the late 80s and early 90s, and gives you instant credibility at any European event you turn up to. Well before “Evo” became synonymous with Mitsubishi’s physics-defying Lancer, Evo meant that BMW, Audi or Mercedes-Benz were attempting to homologate some aero tweaks and a hotter motor to win in the DTM race series. Along with the M3 and Quattro, these were the cars that spawned an entire generation of go-faster flares, vents and wings that can still be seen evolving on the WRX and, aptly named, Lancer Evolution. But while the M3 is a known quantity and the market star of the three big DTM cars from the early 1990s, to me the Mercedes-Benz was the one that really nailed the look with their road going version. The Evolution II looked the business; more aero and extreme than the M3, more special looking than the V8 quattro’s Evo kit, it stood apart from the crowd. All of them were special, but somehow the Evolution II was a bit more special: